Tag Archives: BTCUSDT

Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities – Recovery Ahead?

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Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrency’s rally will be determined by its weekly close, which could see BTC crash or climb to new levels. Bitcoin Hits $84,000 Wall Again After losing the $84,000-$86,000 support zone on… Continue reading Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities – Recovery Ahead?→

Bitcoin Price Steadies—Is a Meaningful Bounce on the Horizon?

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Bitcoin price started a recovery wave above the $80,500 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels. Bitcoin started a decent recovery wave above the $81,000 zone. The price is trading above $81,500 and the 100 hourly Simple moving average. There was a break below a… Continue reading Bitcoin Price Steadies—Is a Meaningful Bounce on the Horizon?→

Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal?

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Bitcoin’s price has been experiencing a gradual recovery on a micro level, showing a 1% increase over the past 24 hours, bringing it back above $83,000. However, when viewed from a broader perspective, Bitcoin remains in a bearish trend, down 9.3% in the past week and 24.7% from its all-time high (ATH) in January. This… Continue reading Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal?→

Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says

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In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months.  Is The Bitcoin Bottom In? Hyland noted that BTC’s weekly resistance level currently hovers around the $90,500 level. The analyst… Continue reading Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says→

Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?

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On-chain data shows Bitcoin and the altcoins have seen their trading volume decline recently, a sign that trader interest in the market is waning. Trading Volume Is Down Across The Cryptocurrency Sector In a new post on X, the on-chain analytics firm Santiment has discussed about how the trading volume has changed for the various… Continue reading Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?→

Bitcoin Shows Signs of Recovery—Is the Whale Sell-Off Finally Over?

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Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging. Over the past 24 hours, Bitcoin has seen a slight recovery, with its price… Continue reading Bitcoin Shows Signs of Recovery—Is the Whale Sell-Off Finally Over?→

Bitcoin Price Recovery Possible Above $85K—Will Bulls Step In?

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Bitcoin price started a recovery wave above the $80,000 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels. Bitcoin started a decent recovery wave above the $80,000 zone. The price is trading above $82,000 and the 100 hourly Simple moving average. There is a connecting bullish trend… Continue reading Bitcoin Price Recovery Possible Above $85K—Will Bulls Step In?→

Bitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean?

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Bitcoin is beginning to show signs of a potential reversal after experiencing a prolonged bearish trend. Although the cryptocurrency remains below $85,000, it has recorded a 2.6% increase, with its price currently at $83,510. Despite this short-term uptick, Bitcoin is still down by roughly 7.5% over the past week, reflecting a continued downtrend. Regardless of Bitcoin’s… Continue reading Bitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean?→

Bitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected

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Bitcoin (BTC) recorded slight gains as the Consumer Price Index (CPI) inflation rate for February came in lower than expected. The softer inflation reading fuelled hopes of interest rate cuts by the US Federal Reserve (Fed), potentially benefiting risk-on assets. Bitcoin Jumps As Inflation Cools According to data from the US Bureau of Labor Statistics,… Continue reading Bitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected→

Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals

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The on-chain analytics firm Glassnode has revealed in a report how the Bitcoin investors have seen a shift toward strong distirbution recently. Bitcoin Accumulation Trend Score Has Been At A Low Level Recently In its latest weekly report, Accumulation Trend Score” is an indicator that tells us about the degree of accumulation that the BTC… Continue reading Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals→